How To Speed Up Payments In The Construction Industry

June 11, 2020

Buildworks-REC_Website-Image-Assets_LandingPage_679x220.jpg

Payment delays add as much as 3% to a construction project’s cost. What’s more, those delays have skyrocketed in the Canadian construction industry. Now, as legislators across Canada move to speed up payments—each jurisdiction at its own pace—construction companies have more at stake than ever. This time, prompt payment is becoming law.

This three-page guide explains how you can speed up payments—whether you’re racing to meet a payment deadline or following up on an invoice.

In this guide you will learn:

  • How to choose software that speeds up payments
  • How to transform documentation from a blocker to a time-saver
  • Why 83% of recipients say preliminary notices help speed up payments
  • The four different types of lien waivers—and which one you should use

Fill out the form to download the article.

Previous Flipbook
The 2018 BDO global REIT report
The 2018 BDO global REIT report

BDO Global surveyed 35 REIT leaders from companies around the world about global changes to the REIT climate.

Next Article
5 Tips to Manage a Crisis
5 Tips to Manage a Crisis

The COVID-19 outbreak presents a major crisis for businesses, and the objective of managing a crisis ev...

×

View The Article

First Name
Last Name
Company
Opt In - I agree to receive marketing communications from BDO Canada. You may withdraw your consent.
Enjoy!
Error - something went wrong!